Ep. 286: How to Raise a Future Millionaire

Can today’s teens still achieve financial freedom in a world of soaring inflation, student debt, and housing costs? In this episode, Dr. Meg Meeker sits down with Rachel Rodgers, entrepreneur and author of Future Millionaires, to uncover actionable strategies for helping young people become financially independent.

From building marketable skills to encouraging entrepreneurship and resilience, Rachel shares powerful tools that empower teens to take control of their financial futures.

In this episode, we discuss:

• Why the traditional American Dream is harder to reach—and what to do about it
• How to help your child recognize their natural skills and turn them into income
• The “Million Dollar Decisions” formula and why it matters
• Why teaching kids to embrace failure can lead to lasting success
• Smart, age-appropriate ways to introduce kids to investing and money management

🎉 Join the Parenting Great Kids Community, where you'll find support from like-minded parents who are committed to raising emotionally healthy, spiritually strong, and digitally safe kids.

About Rachel Rodgers

Rachel Rodgers is a business coach, lawyer, and bestselling author of We Should All Be Millionaires. Her latest book, Future Millionaires, offers a blueprint for teaching teens how to build wealth, develop decision-making skills, and create lasting independence. She’s the founder of Hello Seven, a company that helps women and people of color grow their businesses and transform their financial futures.

Our Sponsors:

• Hungryroot – 40% off plus a free item in every box with code DRMEG
• Fam Gabs – Spark real conversations with your kids. Use code DRMEGPOD for 10% off
• K12-powered schools – Tuition-free, accredited online public education for K–12
• Thrive Causemetics – Clean, vegan beauty that gives back. Get 10% off your first order

Episode Breakdown:  

00:00 Introduction: Financial Challenges for Young Adults

00:56 The American Dream and Its Challenges

01:37 Strategies for Financial Independence

03:52 The Importance of Marketable Skills

05:35 Encouraging Entrepreneurship in Teens

10:21 Parental Guidance and Support

14:36 Teaching Kids About Money

18:21 Motivating Kids with Incentives

19:28 Million Dollar Decisions Formula

21:10 Teaching Kids Decision-Making Skills

24:02 Encouraging Kids to Embrace Failure

29:08 Financial Education for Kids

35:11 Conclusion and Resources

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.